Felbermayr, Gabriel; Larch, Mario; Wolfgang, Lechthaler - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2011
market institutions. Countries are linked by tradein goods and non-cooperatively set unemployment benefits to maximize …. Additionally, we findthat the optimal level of unemployment benefits is independent from the level of unemploymentbenefits abroad … and that non-cooperatively set unemployment rates areinefficiently high. …